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UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....
Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?
10.5.2022
ETH/BTC rallies to test its 'ascending triangle' pattern for a bullish breakout
UST Stablecoin Declines as Crypto Market Plunges
10.5.2022
Terra’s stablecoin UST drops to its all-time low as the crypto market takes a swing lately. The coin, which was supposed to be close to $1, dropped to the $0.70 level, despite the large sum funneled in from the reserves. Experts believe that the fall should be analyzed with this ongoing...
Bitcoin & Crypto Selloff: Liquidations, Extreme Fear, Eyes on MicroStrategy, and Possible Support Levels
10.5.2022
Bitcoin (BTC) and the broader crypto market went into a sharp selloff over the past day, led lower by a de-pegging of the partially BTC-backed stablecoin terraUSD (UST) and a falling risk sentiment globally....
Read More: Bitcoin & Crypto Selloff: Liquidations, Extreme Fear, Eyes on MicroStrategy...
Binance suspends LUNA and UST withdrawals citing network congestion
10.5.2022
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff
Conspiracy Theories Abound as Terra Tries to Save UST
10.5.2022
TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea's Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market.
The stablecoin, which is supposed to maintain a value of USD 1 by creating and destroying supply...
Nouriel Roubini oversees the development of tokenized dollar replacement
10.5.2022
Nouriel Roubini is helping develop a tokenized financial instrument aiming to act as an alternative to the U.S. dollar for major investors
Bitcoin Tests USD 30K, Ethereum Dives, LUNA Halves as UST Loses Peg
10.5.2022
Bitcoin price remains in a strong downtrend below the USD 35,000 support level. BTC even dropped below USD 30,000 before recovering. It is currently (04:44 UTC) correcting losses and trading near USD 30,800, but upsides might be limited above USD 32,500. BTC is down almost 9% in a day and 20%...
UST Stablecoin Veers Wildly From Dollar Peg. Here's the Latest
10.5.2022
By tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021
New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg
9.5.2022
The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs
42.5K BTC reportedly moved from Luna Foundation Guard wallet as UST peg crumbles
9.5.2022
The Bitcoin price plunged below $31,000 on Monday, marking a new low for the year. Altcoins also sold off sharply
Investors Flee Terra’s Anchor as UST Stablecoin Repeatedly Loses $1 Peg
9.5.2022
Deposits on the Anchor protocol plunged below $9 billion from $14 billion since Friday after Terra’s stablecoin, UST, struggles to recover to $1. ANC, the protocol’s token fell 35% during the day
As LUNA’s Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93
9.5.2022
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet...
UST Stablecoin Falls Below Dollar Peg for Second Time in 48 Hours
9.5.2022
The development comes after the Luna Foundation Guard announced that its massive bitcoin reserves will be used to defend the UST’s dollar peg
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity
9.5.2022
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great...
Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash
9.5.2022
The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon...
DeFi Lending Protocol Fortress Loses All Funds in Oracle Price Manipulation Attack
9.5.2022
Fortress, decentralized finance (DeFi) lending protocol with an algorithmic money market and a synthetic stablecoin, has suffered an oracle price manipulation attack that resulted in the loss of all of its funds.
"Fortress has been hit with what we believe is an oracle manipulation attack...
Luna Foundation Guard Lens $1.5B in BTC and UST for Stablecoin Peg
9.5.2022
The move comes after UST briefly lost its peg to the U.S dollar over the weekend
LUNA drops 20% in a day as whale dumps Terra's UST stablecoin — selloff risks ahead?
8.5.2022
Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
8.5.2022
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as...